Bay View Capital Corp., which lost $326 million last year and is reorganizing its front office, on Friday named Matthew L. Carpenter as chief operating officer.

Mr. Carpenter, 41, had been president and chief executive officer of $5.3 billion-asset Bay View’s subsidiary Commercial Finance Group. The San Mateo, Calif.-based holding company’s principal subsidiary is Bay View Bank, which controls the largest deposit franchise in the San Francisco area. Mr. Carpenter will oversee the holding company’s daily operations.

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